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Brett McMahon of Miller & Long Co. discusses the Democrats’ decision to host the event in Bank of America Stadium..
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President Obama's big speech tomorrow night was supposed to come at a stadium built by -- -- -- union laid -- Of course it is now be moved in dole is because of bad weather that's coming apparently.
And that's the breaking news from the top of the -- -- but North Carolina is a right to work state.
Bank of America Stadium was built in 1996 way that no union -- but.
Joining is now back from -- his company -- and -- that built that stadium -- welcoming the programme good to have you with us.
Thank you -- -- now I'm surprised that the present in the first place would have chosen a non union labor built stadium.
I don't I don't understand why he would choose that statement to make his big speech.
And it's called Bank of America -- -- Bank of America's not exactly in good standing with the Obama administration can you help me out here why did the president choose back stadium that you built.
Again I'd say it's a great question I I keep watch -- this old thing and wondering.
When self respecting Democrats like to stop being you know being willing to being taken for granted by their own party and is.
It's a stadium.
Named or by a bank that they don't like.
There isn't a single unit made brick or stake in the entire thing.
There's almost no public investment in.
This stadium itself it has less than ten less than 110 of 1%.
Public money in this thing bill by -- self made guy Jerry Richardson -- is.
I don't remarkable story is just such a contradiction from the if you didn't build that well you did built of that without any government help -- -- no one that I mean you've built it.
But I -- know that's.
If -- have built it with union labor.
If you had how much more would -- to costs.
You know that's -- that's an excellent question that the real cost differential in in union vs nonunion construction is the flexibility with which we can use our.
-- workforce if you if you look at a union contract they'll say things like you know certain number car owners have to be used.
For building a column and they have to have a certain ratio.
Workers -- supervisors whereas.
You know we take our 65 years of experience and and -- and we actually know how to build those things without.
You know some contract details and so there's no way could have been on for the quarter billion dollars in cost back in on 94 in -- six.
And a little remarkable tidbit about the stadium is it was actually in the black.
Before they -- played the first game.
Because Richardson's were were brilliant about both marketing -- and that the town loves the team.
-- and you really is a testament to with a free enterprise.
I so it costs a quarter billion dollars.
I believe that the new Yankee Stadium in all union all the time New York was about a billion dollars I think but because that was asked at -- all right mutt dog show in New York cut he says he found -- you have to -- a billion -- -- -- Enough for the Yankee Stadium -- all union all the time New York's.
Excellent.
-- fifteen years ago right.
Yankee Stadium note that what was Yankee Stadium built through three years -- -- through that front to three years ago that's right yeah.
-- interest paper that amount we thank you very much for bearing with us today -- is again -- -- good luck thank you.
